Enbridge Income Fund Holdings Inc (TSE:ENF) Given Consensus Rating of “Hold” by Brokerages
Enbridge Income Fund Holdings Inc (TSE:ENF) has been assigned a consensus rating of “Hold” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$36.50.
A number of equities research analysts recently weighed in on ENF shares. Scotiabank reaffirmed an “outperform” rating and set a C$38.00 price target on shares of Enbridgeome Fund Holdings in a report on Wednesday, April 19th. TD Securities reaffirmed a “buy” rating and set a C$37.00 price target on shares of Enbridgeome Fund Holdings in a report on Wednesday, April 19th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$35.00 price target on shares of Enbridgeome Fund Holdings in a report on Tuesday, April 18th.
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Enbridgeome Fund Holdings (ENF) traded down 0.74% during trading on Tuesday, hitting $32.27. 102,881 shares of the company’s stock traded hands. The stock has a market cap of $4.72 billion and a P/E ratio of 15.11. Enbridgeome Fund Holdings has a 12-month low of $31.22 and a 12-month high of $36.31. The firm’s 50-day moving average price is $32.10 and its 200 day moving average price is $33.43.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.171 per share. This represents a $2.05 annualized dividend and a yield of 6.31%. The ex-dividend date of this dividend is Tuesday, August 29th.
Enbridgeome Fund Holdings Company Profile
Enbridge Income Fund Holdings Inc, through its investment in Enbridge Income Fund, holds energy infrastructure assets. The Company’s business is limited to ownership of its interest in Enbridge Income Fund (the Fund). The Fund’s objective is to pay out a high proportion of available cash in the form of dividends to shareholders.
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